Net Loss Per Common Share

3 Months Ended

Mar. 31, 2012

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Note B – Net Loss Per Common Share

Basic net loss per common share is calculated by dividing the net loss by the weighted average number of outstanding common shares during the period. Diluted net loss per common share includes the weighted average dilutive effect of stock options and warrants. Potential common shares outstanding as of March 31, 2012 and 2011:

	March 31, 2012		March 31, 2011
Warrants		75,000		75,000
Options		2,609,080		3,036,580

The number of securities not included in the diluted net loss per common share for the three months ended March 31, 2012 and March 31, 2011 (because the effect would have been anti-dilutive) were 2,684,080 and 3,111,580, respectively.